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Rental property loans near Brooklyn, NY

Our RentalOne loan product provides our customers a reliable source of financing through a simple and efficient online loan process. Our 30-year fixed-rate rental loan product was designed to help savvy investors capitalize on the rapidly growing rental market. With attractive rates and up to 80% loan-to-value (LTV) on fixed-rate loans, these loans are a great way to get cash out from your existing rental properties. RentalOne loans begin at $75K and up to $2 million with no personal income verification. *

What type of rental loan rates near Brooklyn, NY are offered by LendingOne?

LendingOne offers both fixed a 30-year rate starting at 5.49% and hybrid adjustable rate mortgage, 5/1, 7/1, and 10/1 starting at 4.99%. All rates are based on individual property and borrower. Call us to learn more at 866-918-1974

What type of properties are eligible for rental loans offered by LendingOne?

Can I live in one of my rental properties or rent it to a family member near Brooklyn, NY?

Is there a prepayment penalty?

3, 2, 1 step-down prepayment penalty
(3% of loan balance in first year, 2% of loan balance in second year, 1% of loan balance in third year)

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Brooklyn Hard Money Real Estate Market

Foreclosure Rates for Brooklyn, NY

For Rental property loans investors in Brooklyn, NY, studying the local foreclosure rates, auctions, and bank-owned properties will give them a good idea of how the Brooklyn, NY market looks. Once consideration is given to the data and statistics for Rental property loans properties in Brooklyn, NY, investors can determine what Rental property loans they’ll need to apply for financing on one of these purchases.

Get 5 Steps Closer To Growing Your Fix and Flip Business near Brooklyn

Sales Prices for Brooklyn

If an investor is interested in purchasing a Rental property loans in Brooklyn, NY first thing they should do is consider the real estate market of that area. A great indicator to examine is the sales prices for homes. Rental property loans investors should pay close attention to factors such as days on the market, available inventory, and home price appreciation, since all of these impact the amount that a home will sell for.

Rental Prices for Brooklyn

Rising rents across Brooklyn, NY represent the increased demand in housing for Rental property loans. Investors will need to analyze what rents have been averaging in Brooklyn, NY before deciding if they wish to invest in this area. If rents have been steadily climbing, this is a great sign of a healthy rental market where demand is high. Locking in rental property loans in Brooklyn, NY will help investors continue building their rental portfolios in this competitive market.

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Driving Factors for the Brooklyn Real Estate Market

Education:
Brooklyn is home to one of the highest educated
workforces in the country, greatly due in part to the
surrounding top ranking schools in the Brooklyn, NY area.Economy:
Brooklyn’s top employers are driving growth in
the real estate market including General Hospital.Businesses:
According to the Brooklyn Chamber of Commerce,
Leisure & Hospitality, Professional & Business Services, and
Education & Health Services have seen high job and wage growth.

LendingOne, LLC serves as the originating entity for all loans and is licensed under NMLS ID # 1508627, Arizona Mortgage Banker License # BK-0944181, California Finance Lender License # 60DBO-58915, Minnesota Residential Mortgage Originator License # MN-MO-1508627, Oregon Mortgage Lenders License # 5529 and Vermont Commercial Lender License # 1508627 CLL. LendingOne, LLC currently does not lend in the following states: Alaska, Nevada, North Dakota, South Dakota and Utah. LendingOne, LLC is licensed or exempt from licensing in all other states. Loans only apply to residential, non-owner occupied properties. Rates, terms and conditions offered only to qualified borrowers, may vary upon loan product, deal structure, property state or other applicable considerations, and are subject to change at any time without notice, shall only constitute a general, non-binding expression of interest on the part of LendingOne, LLC, do not create any legally binding commitment or obligation on the part of LendingOne, LLC, and are expressly subject to LendingOne, LLC’s credit, legal and investment approval process. Closing times are in business days and commence upon receipt of appraisal payment and satisfaction of borrower conditions. Closing times may be delayed due to appraiser property access limitations or availability in certain markets. Rates are as of 01/15/2019.